Autumn Budget 2017Chancellor Philip Hammond delivered his first Autumn Budget on Wednesday 22nd November, against a backdrop of political and economic uncertainty fuelled by the ongoing Brexit negotiations and the downward revision of the UK growth figure by the Office of Budget Responsibility to 1.5% in 2017. The Budget included a number of important measures, such as extending taxation to overseas investors in UK commercial property, the abolition and tapering of stamp duty land tax on purchases of properties worth up to £500,000 for first-time buyers, and proposals on the taxation of the Digital Economy. Other significant areas, such as the tax implications of employment status, are to be addressed following responses to consultations, most of which will be published either with the Finance Bill on 1 December, or early in 2018. For advice on any of the topics covered within the Autumn Budget, and how they may have an impact on your business or personal finances, please give me or one of the team a call on 01628 760000. We would be delighted to hear from you. Daniel Reid "A forward-looking Budget" |